First new British nuclear plant in decades wins EU funding fight

By Barbara Lewis and Foo Yun Chee BRUSSELS (Reuters) - A British plan to guarantee the price of power from its first new nuclear project in decades won European Union backing in a landmark ruling on Wednesday that threatens to trigger legal challenges. Seen as market-distorting state aid by opponents, the price guarantee was approved in a 16-to-5 vote with one abstention in a tense meeting of the College of Commissioners, sources told Reuters. Not all 28 members were present. ... Read More http://ift.tt/1rWCLo1